Tesla, AT&T And 3 Stocks To Watch Heading Into Wednesday
Portfolio Pulse from Avi Kapoor
U.S. stock futures are trading lower this morning. Key stocks to watch include AT&T, Tesla, IBM, Alphabet, and GE Vernova. AT&T and GE Vernova are set to report earnings before the opening bell, while IBM will report after the market closes. Tesla reported weaker-than-expected earnings, and Alphabet announced upbeat earnings and a cash dividend.
July 24, 2024 | 6:56 am
News sentiment analysis
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POSITIVE IMPACT
GE Vernova is expected to report quarterly earnings of 73 cents per share on revenue of $8.26 billion before the opening bell. Shares rose 0.3% to $171.00 in after-hours trading.
GE Vernova's slight rise in after-hours trading suggests positive sentiment ahead of its earnings report, indicating a likely short-term positive impact if earnings meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet reported strong Q2 earnings and sales, and announced a 20-cent cash dividend. Shares slipped 2.2% to $177.83 in after-hours trading.
Despite the after-hours dip, Alphabet's strong earnings and dividend announcement are positive indicators, likely leading to a short-term positive impact once the market digests the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
IBM is expected to post quarterly earnings of $2.19 per share on revenue of $15.62 billion. Shares fell 0.4% to $183.33 in after-hours trading.
IBM's upcoming earnings report is anticipated, but the slight drop in after-hours trading suggests a neutral short-term impact unless earnings significantly beat or miss expectations.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
AT&T is expected to report quarterly earnings of 57 cents per share on revenue of $29.92 billion before the opening bell. Shares fell 0.2% to $18.18 in after-hours trading.
AT&T's earnings report is anticipated, but the slight drop in after-hours trading suggests neutral short-term impact unless earnings significantly beat or miss expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla reported weaker-than-expected earnings for Q2, with deliveries and production down year-over-year. Shares fell 7.8% to $227.25 in after-hours trading.
Tesla's weaker-than-expected earnings and reduced deliveries and production have led to a significant drop in share price, indicating a likely short-term negative impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100